Macroeconomic uncertainty and rising geopolitical tensions have given gold, a classic “safe-haven” asset, a boost. As tensions in the Middle East escalated, gold prices exceeded US$2,400 per ounce in April. Spot gold is currently trading around 12% higher than it has been so far this year. Kevin Teng, chief executive of Singapore-based wealth management firm Wrise Wealth Management, said he expects precious metals to generate substantial returns in the long term. “From a multi-year perspective, gold is definitely still in its early stages of development and investors could consider allocating a portion of their portfolio to gold due to its long-term potential,” he told CNBC Pro. Teng admitted that he wouldn’t fully “Classify yourself as a gold fan”, but he pointed out that “in this period of uncertainty, the importance of including gold in the investment portfolio in pursuit of long-term wealth preservation and growth cannot be undermined.” Gold stocks Mr. Deng values most The stock is Canadian mining company Barrick Gold. “Investing in Barrick Gold is an attractive opportunity due to its strong earnings and revenue growth forecasts, with analysts expecting 14.3% year-over-year growth this quarter, 7.1% year-over-year growth this fiscal year, and a substantial 43.3% growth next fiscal year. “He said. Other strengths Teng pointed to include the company’s past history of beating estimates, which he believes “suggests strong operating results and could provide a favorable surprise to investors.” Another mining company on wealth managers’ radar is Newmont Corp. Newmont Corp’s first-quarter profit on April 25 beat Wall Street expectations, benefiting from strong output and higher sales at the world’s largest gold miner. Prospects department,” Teng said. On the other hand, Will McDonough, chief executive of merchant bank Corestone Capital, said he is betting on Coeur Mining and Hecla Mining, both of which are listed on the New York Stock Exchange. “I don’t think one stock is better than the other, but it’s good to have a balance between the two because they have exposure to geographic and value chain diversity,” he told CNBC Pro on April 25. Australian Mining The company, BHP Billiton, calls it “a smart choice to own as it is well diversified and heavily invested in gold.” Gold ETFs In addition to stocks, Teng recommends investors consider exchange-traded funds (ETFs) as a way to invest in gold good idea. “ETFs are highly liquid and can be bought and sold in the open market on a daily basis, making it easy to adjust a portfolio’s gold exposure when needed,” he said. “This flexibility makes ETFs valuable for investors during times of economic uncertainty. Attractive options while maintaining portfolio diversification. ETFs investing in the mining sector are an “attractive option,” he added, highlighting the VanEck Gold Miners ETF (GDX) and the VanEck Junior Gold Miners ETF (GDXJ) ) are up about 10% year to date, and while Teng is bullish on specific stocks in the ETFs, he noted that they broadly capture “the most popular large- and mid-cap gold mining funds.” ” thereby providing “relative balance in the gold portfolio.”
